Description

Mangalam Industrial Finance Limited extends the closing date of its rights issue from November 19, 2025 to November 25, 2025 to provide additional opportunity for shareholders to exercise their rights.

Summary

Mangalam Industrial Finance Limited (Scrip Code: 537800) has extended the closing date of its rights issue from Wednesday, November 19, 2025 to Tuesday, November 25, 2025. The extension provides additional opportunity for shareholders to exercise their rights. The rights issue offers up to 48,08,21,750 equity shares of face value Re. 1.00 each at an issue price of Re. 1.00 per share, aggregating up to Rs. 48,08,21,750, in the ratio of 1:2 (one rights equity share for every two fully paid-up equity shares held on record date September 23, 2025).

Key Points

  • Rights issue closing date extended by 6 days from November 19 to November 25, 2025
  • Issue size: Up to 48,08,21,750 equity shares at Re. 1.00 per share
  • Total issue amount: Up to Rs. 48,08,21,750
  • Rights ratio: 1:2 (one new share for every two existing shares)
  • Record date: September 23, 2025
  • Issue price equals face value (Re. 1.00)
  • Extension approved by Board of Directors on November 18, 2025
  • Board meeting duration: 6:30 PM to 7:00 PM IST

Regulatory Changes

No regulatory changes. This is a procedural extension of an existing rights issue timeline.

Compliance Requirements

  • Shareholders wishing to participate in the rights issue now have until November 25, 2025 to exercise their rights
  • Company to update shareholders and investors about the revised schedule
  • Market renunciation deadline remains November 10, 2025 (unchanged)

Important Dates

Revised Issue Schedule:

  • Last date for credit of Rights entitlements: Friday, October 24, 2025
  • Issue Opening Date: Monday, October 27, 2025
  • Last date on Market Renunciation of Rights Entitlements: Monday, November 10, 2025
  • Issue Closing Date: Tuesday, November 25, 2025 (Extended from November 19, 2025)
  • Finalization of basis of allotment: Friday, November 28, 2025 (on or about)
  • Date of allotment: Friday, November 28, 2025 (on or about)
  • Date of credit: Thursday, December 4, 2025 (on or about)
  • Date of listing/trading: Tuesday, December 9, 2025 (on or about)

Impact Assessment

Market Impact: Low to medium. The extension provides existing shareholders additional time to participate in the rights issue, potentially improving subscription rates. No change to issue terms or pricing.

Shareholder Impact: Positive for shareholders who require additional time to arrange funds or make participation decisions. The 6-day extension may improve overall issue subscription.

Operational Impact: Minor administrative adjustments to the rights issue timeline. Subsequent dates for allotment, credit, and listing have been revised accordingly, with final listing now expected around December 9, 2025 instead of early December.

Impact Justification

Extension of rights issue closing date affects shareholder participation timeline but does not change fundamental terms of the offer